New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Shareholders to Get $0.52 Quarterly Dividend

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) declared a quarterly dividend on Monday, October 5th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.5156 per share on Monday, November 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, October 30th.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Up 0.0%

NASDAQ NMFCZ traded up $0.01 on Tuesday, reaching $25.42. The company had a trading volume of 5,626 shares, compared to its average volume of 11,211. The firm has a 50-day moving average of $25.26 and a 200-day moving average of $25.34. New Mountain Finance Co. 8.250% Notes due 2028 has a 1 year low of $25.00 and a 1 year high of $25.68.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ:NMFCZ) are unsecured debt securities issued by New Mountain Finance Corporation, a business development company (BDC). The notes provide investors with exposure to the credit activities of New Mountain Finance Corporation rather than representing shares of common stock.

New Mountain Finance Corporation primarily provides financing to middle-market companies through senior secured loans, subordinated debt and other debt investments. It may also make select equity investments, seeking to support companies with established operations and potential for long-term growth.